BMT Funding Rate — live across 6 venues

Perpetual funding · compared across 6 venues · net of estimated fees · updated every few minutes

Live annualized BMT perpetual funding across all 6 venues Perpia tracks. Right now BMT funding is positive on 3 and negative on 3, ranging from +10.9% on Binance to -58.6% on Bybit — a spread of 69.6%. The widest delta-neutral trade is long Bybit / short Binance at 65.9% net APR.

6venues

3paying positive

69.6%funding spread

Best BMT spread now

65.9%

net APR after fees

LongBybit↗→ShortBinance↗

size depends on live venue depth — see the real cap in the scanner

BMT funding trend & liquidity

168h of history

69.6%current gross APR

46.7%24h average

34.7%7-day average

$523Kpair OI · lower leg

$141K24h volume · lower leg

Averages are historical funding over the window shown. A current rate near the 7-day average may indicate the spread has persisted; a rate far above it is usually a short-lived spike. OI and volume are the smaller (binding) leg of the best pair — the ceiling on tradeable size.

BMT · Bybit → Binance — no history

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Build a route

any two of the 6 venues

Long (pays you)every 4hShort (you collect)every 4h

Gross spread+69.6%+$19.06 / day on $10,000

Widest routes

This is the widest route right now. The number is gross: fees, the entry spread and slippage are not in it, and both legs must be tradeable for you. The scanner carries the same pairs net of costs.

Venues: pick the two legs

sorted by rate · 6 venues

Venue	Funding APR ↓	Interval
Binance↗short	+10.9%	every 4h
Gate.io↗	+10.9%	every 4h
MEXC↗	+10.9%	every 4h
below — these venues pay the longs: this is the leg you buy
KuCoin↗	−46.0%	every 4h
BingX↗	−55.4%	every 4h
Bybit↗long	−58.6%	every 4h

Rates annualized; updated ~every few minutes from live venue data. Venue names link to that exchange's full funding table; ↗ opens the market on the exchange itself. Every spread between these two venues is on the Bybit vs Binance page. 11 pairs scanned for BMT.

BMT arbitrage — 30-day backtest

long Bybit · short Binance

27.7%backtested APR

+$228historical net P&L on $10,000

0.02%max drawdown

$10,000$10,228

30 days agostarting capital $10,000today

Over the last 30 days, holding long Bybit / short Binance would have produced 27.7% APR — versus the 65.9% the live spread implies right now (equity $10,000 → $10,228). This is a backtest on historical funding, not a live result: funding drifts and decays, so backtested results rarely match the current headline rate — which is why size and holding window matter more than the top-line number.

Open full interactive backtest →

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BMT — FAQ

Is BMT funding positive right now?

BMT perpetual funding is positive on 3 of 6 venues Perpia tracks and negative on 3. The highest is +10.9% on Binance; the lowest is -58.6% on Bybit.

What is the best BMT funding arbitrage right now?

Go long Bybit and short Binance for about 65.9% net APR after fees — the widest delta-neutral BMT spread Perpia currently sees.

Which exchange has the highest BMT funding rate?

Binance, at +10.9% annualized. Funding shifts continuously, so check the live table above before trading.

How BMT funding arbitrage works

Funding arbitrage combines opposing positions on two venues — long the one paying the most negative funding, short the one paying the most positive — to reduce directional exposure and capture the difference between their funding payments. Fees, slippage, basis divergence and liquidation risk can reduce the result. See the methodology for how it is measured and the guide for the full walkthrough.

Markets related to BMT

also quoted on both Binance and Bybit

The same two exchanges you would already have funded for the BMT trade. Every spread between them is on the Binance vs Bybit page.

Open the live scanner →All funding rates Funding by exchange How we calculate this